Moniepoint closes USD200m Series C to expand inclusion.

Moniepoint Inc., Africa’s all‑in‑one financial platform for merchants and customers, has completed a USD 200 million Series C round. The round was led by Development Partners International with meaningful participation from LeapFrog Investments and a cross‑section of global and regional financiers, including Lightrock, Alder Tree Investments, Google’s Africa Investment Fund, IFC, Proparco, Swedfund, Verod Capital Management and Visa.

As Nigeria’s largest merchant acquirer and a leading digital‑payments platform, Moniepoint has built a robust distribution network that supports more than 10 million active businesses and personal banking customers, processing well over US$250 billion in digital payments annually. The fresh capital will accelerate the company’s expansion across Africa and into international markets, reinforcing its ability to unlock formal financial access for millions of micro‑entrepreneurs and MSMEs.

The capital will enable a broader slate of product innovation and scale. In recent months Moniepoint has advanced its cross‑border capabilities and rolled out integrated solutions for merchants, alongside efforts to deepen digital banking, credit, and bookkeeping tools for small businesses. The company’s new momentum includes the creation of a remittance and payments ecosystem targeting diasporas and a broader suite of financial management offerings for MSMEs.

Tosin Eniolorunda, Founder and Group CEO of Moniepoint, commented: “This milestone reflects the dedication of our team to widening financial inclusion and accelerating the growth journeys of countless African entrepreneurs. We are grateful for the support of our new and existing partners as we pursue scale responsibly and sustainably.”

Adefolarin Ogunsanya, Partner at Development Partners International (DPI), noted: “Since leading the first close of this landmark round, Moniepoint has continued to deliver strong commercial momentum and profitability while expanding its market reach. We are excited to back Tosin and his team as they scale across the region and beyond.”

Karima Ola, Partner at LeapFrog Investments, added: “MSMEs drive the heart of African economies, and Moniepoint’s platform is a critical enabler of their growth. Our investment aligns with LeapFrog’s mission to accelerate inclusive financial infrastructure, connecting digital payments with access to credit and essential services.”

Farid Fezoua, Global Director for Disruptive Technologies, Services, and Funds at IFC, stated: “Moniepoint demonstrates how technology can unlock payment adoption and financial inclusion in emerging markets. We’re eager to support their continued expansion and the job creation that follows in Nigeria and across the continent.”